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20121014
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will surround the economy? let's talk. we have mike holland, david goldman and michael farr. michael, i don't care about third-quarter earnings. that is so yesterday's news. i can't stand it. that is just so yesterday's news. it's boring. it's nothing. maybe the guidance has something to say. but the economy is not in bad shape. the economy is not in bad recessionary shape and a political revolution is coming and i want to get your take. after you get through taking profits, michael, what happens next? do you buy them back? >> i think you do a little bit, larry. i think there's certainly time to take some off the table. i'm glad we don't have to pay attention to third-quarter earnings. i've been sweating that. but 2% gdp growth after you get to an almost 10% deficit spend of $3 trillion out of deficit stimulus, it's not robust growth. what happens in this election is important. clearly people have to get out and vote. what's going to happen on this groundwork and infrastructure of our economy over the next four years is going to be crucial for future generations. >>. no, it's not about infr
of this economy if we are going to have a foundation. >> jarod. >> stephen -- >> let's not talk over each other. listen. >> jarod i'll give you the last word. >> because home prices are beginning to appreciate. we have under a million under wat water borrowers and they are able to refinance. this is able to kill that now would be a huge error. >> i want to see the short sales continue. that is all i want to see. the rest of it we have made a complete mess of it. and i fear we are going to make a mess out of the fha. it could go bankrupt before this is over. thank you both. coming up. we have the five year anniversary of the all time highs in the stock markets. five years ago today the how long will it take to get back to those highs? i think it could happen before year-end and you will hear why. later, tens of thousands of protesters fill the streets and nazi clad crowns waving swastikas. and i must say it will work in housing like every place else. stay with us. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected a
'm not an eternal optimist. i think this is all perfectly fair. >> is the economy getting worse? is it getting worse? >> yes, yes, yes. it's getting worse. absolutely getting worse. >> 7.8%. >> look, worldwide, larry, the velocity of money is dead. >> what does that mean in. >> there's no turnover. this unemployment number that the optimists hailed at great at 7.8% lifted by part-time workers. >> no one said it's great. this is important to both of you since you are both in this camp with respect to the federal reserve. you can make the case -- i don't want to get too wonky and bore our viewers, but you can make the case that the federal reserve by doing what it's doing is simply offsetting the decline in monetary velocity. if they hadn't done this, but -- >> you're not fooling corporations, though. there's no capital formation. that's why no one is hired. the male participation rate in the labor force is the lowest since 1948. >> would it be high fehr the federal reserve -- >> yes. absolutely. >> we had a strong dollar since the plaza accord in '85. >> well, look aat athe job -- >> thank ronald rea
, the one thing they are specific about is they will take taxes from 18.5% of the economy under normal circumstances, the historical average for the last 30, 40 years, to 21%. that over a decade is a $5 trillion tax increase. they tend not to talk about it, but it's the most important thing in simpson/bowles, a $5 trillion tax increase. there is no room for tax reform because they take all that lovely money, and they spend it. >> look, okay, there's tax rates and tax revenues. now a couple of things, tax rates, marginal rates are different from tax revenues. revenues can come from growth, from capped deductions. i just want to ask you, grover, do you support mitt romney's plan which would lower the rates, put a strict limit on the dollars of tax deductions and increase the economic growth rate? do you support romney? >> well, romney's plan is revenue neutral. he's made a commitment to the american people not to have a net tax increase. that's a great plan. obama wants higher tax rates, and schumer, the leader in the senate, made that clear as well, so it's between romney wanting to cut
thing to do to run a good economy and even what they're doing now, they're raising taxes. this is like a death wish and a suicide attempt by europe and not america's fault. >> i want to ask you which is worse? the peace prize to president obama in 2009 or giving the peace prize to the european union, which is worse? >> as a gambler would say that is a pick 'em situation. >> you chicken. jimmy p. gets the best of the best. up next on "kudlow," we have a cia deception detective to see how many times my friend joe biden lied in last night's debate. "the kudlow report" coming right back. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. as part of a heart healthy diet. that's true. ...but you still have to go to the gym. ♪ the one and only, cheerios ...but you s
Search Results 0 to 4 of about 5